Bank of America, JPMorgan, Cisco: Dow Midday Movers
NEW YORK (TheStreet) -- U.S. stocks were falling midday Friday after a disappointing jobs report.
The Dow Jones Industrial Average was falling more than 129 points, almost 1%, to 13,077.25 midday Friday. Leading the Dow lower were Bank of America (BAC), JPMorgan Chase (JPM) and Cisco (CSCO).
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Shares of Bank of America fell 3.25% to $7.74. In the news Friday, Johnny Williams, co-head of Americas tech equity capital markets at Bank of America Merrill Lynch Bank, has left the company, according to Fortune.
The stock has risen 39.03% year to date.
JPMorgan shares fell 2.44% to $41.96. The bank's rating was lowered to underperform from outperform by CLSA analyst Mike Mayo on Friday. JPMorgan's stock has risen 26.2% year to date. Shares of Cisco lost 2.48% to $19.23. The information technology company is scheduled to report third-quarter earnings on Wednesday. Analysts, on average, anticipate earnings of 47 cents a share on revenue of $11.58 billion. The stock has gained 6.42% year to date. -- Written by Alexandra Zendrian>To contact the writer of this article, click here: Alexandra Zendrian >To submit a news tip, send an email to: tips@thestreet.com. >To follow the writer on Twitter, go to Alexandra Zendrian.
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